Eurochem is looking for top managers . New projects in Russia will be headed by Dmitry Sokov

The Board of Directors of EuroChem decided to appoint Dmitry Sokov to the position of General Director of the Russian subsidiary of the group, MCC EuroChem, from February 15. This was reported in a company press release.

In his new position, Sokov will be responsible for the operational management and further development of the group’s Russian business under the leadership of Dmitry Strezhnev, who previously combined this operational role with his main responsibilities as the group’s CEO.

Strezhnev himself will continue to oversee the Russian direction as Chairman of the Board of Directors of EuroChem.

Previously, Dmitry Sokov held a number of management positions at Cordiant, which produces tires (formerly Sibur - Russian Tires), and since 2012 he has served as CEO.

Eurochem produces nitrogen and phosphate fertilizers, and will soon launch the production of potash fertilizers. The company has production assets in Russia, Lithuania, Kazakhstan and Belgium, as well as in China, where a joint venture was launched.

Source: ITAR-TASS

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The Eurochem group has changed the head of its Russian structure for the third time since the beginning of the year. After Dmitry Sokov and Igor Shchelkunov, the head of the logistics unit, Igor Nechaev, became the general director of Eurochem. The market explains that it is quite problematic to find a leader for such a complex multi-industry company, especially since the owners of EuroChem are fundamentally looking for applicants within the group.

EuroChem MCC JSC has a new general director - head of the Logistics division Igor Nechaev, EuroChem Group reported. He replaced in this position the administrative director and head of the Oil and Gas division, Igor Shchelkunov, who served in this post for only three months since June 2017. Before this, the general director of the Russian structure was Dmitry Sokov (previously the general director of the Cordiant tire holding), who headed the company for four months from February 2017. Thus, since the beginning of the year, the EuroChem MCC has changed its head three times. At Eurochem, Igor Shchelkunov’s departure is explained by the fact that he “will focus on managing the Oil and Gas division, which today is strategically important for the development of the company.” The previous head left his post for personal reasons.

Eurochem is the largest Russian chemical holding. The main shareholder of the company is Andrey Melnichenko (owns 90% of the group), the rest of the stake is held by Dmitry Strezhnev.

Igor Nechaev has been working at Eurochem since 2011 as head of the Logistics division. Now his task will be the ongoing management of Eurochem’s business in Russia and the CIS countries. “In this position, he will continue to work closely with the group’s CEO Dmitry Strezhnev, who oversees the Russian part of EuroChem’s business as chairman of the board of directors,” the company explains.

The market notes that Eurochem is a diversified company. It includes production facilities for completely different types of fertilizers, chemical, transport and oil and gas assets, which are located in different parts of Russia. So, Kommersant sources familiar with the situation say, finding a person who could understand all these areas at once is a real problem. “It’s doubly difficult for a person who comes from another area altogether,” Kommersant’s interlocutors say. Kommersant's sources admit that soon the head of MHC Eurochem may be replaced again, but they believe that the new leader will also be a person from the group.

Managing partner of Winner Partners Grigory Okun suggests that in the case of the search for the head of MCC EuroChem, the criterion of trust is the main one. “In Russia, in such cases, they often prefer to hire a person from within the company, knowing what to expect from him. And there is nothing unusual in the change of a third manager in a few months, there is simply a search for a suitable candidate,” he says. According to the expert, if a company is managed manually by its owners, then the general director is often a convenient bridge between management and the shareholder. “At the same time, the head of the company, whatever one may say, must manage it, and not everyone can do this,” says Mr. Okun, noting that inviting a manager from the outside environment is also not a guarantee of success.

Olga Mordyushenko

Dmitry Sokov will be responsible for the operational management and further development of the Group's Russian business. He will work under the leadership of Dmitry Strezhnev, who previously combined this operational role with his main responsibilities as CEO of EuroChemGroup. Dmitry Strezhnev will continue to oversee the Russian direction in the position of Chairman of the Board of Directors of EuroChem MCC JSC.

“We are pleased to welcome Dmitry Sokov at the head of the Russian business of EuroChem, which has a strong reputation in the local market,” commented General Director of EuroChem Dmitry Strezhnev. “I am confident that Dmitry, who has proven himself as a talented manager with solid management experience in the Russian chemical industry, will make a significant contribution to the implementation of the Group’s strategy in one of our key markets and will contribute to the active growth of our business in this region.”

“It is a great honor for me to lead the Russian direction of the EuroChem Group, which is one of the international leaders in the production of mineral fertilizers and a well-known industry brand not only in Russia, but throughout the world,” noted Dmitry Sokov. - I thank the Board of Directors of EuroChem and Dmitry Strezhnev for the trust they have placed in me. I am impressed by the results that the Russian team was able to achieve and look forward to working productively together to achieve the next phase of growth for EuroChem's Russian business.

One of the priorities of EuroChem's development strategy is increasing capacity for the production and sale of potassium. The construction of mines and processing plants is carried out in the Volgograd region (EuroChem - VolgaKaliy, Gremyachinskoye deposit) and the Perm Territory (Usolsky potash plant, Verkhnekamskoye deposit).

There are no developed deposits that are analogous to Gremyachinsky, therefore, during the design and construction of the underground and surface complexes of the Gremyachinsky GOK, advanced technologies developed specifically for EuroChem-VolgaKaliya were used to minimize the impact on the environment, increase industrial safety and ensure high production performance in mining and processing ore at a processing plant.

New projects in Russia, developed by EuroChem, will make the company the first in Russia and the fourth in the world to produce the full range of mineral fertilizers - potash, nitrogen and phosphorus.

The CEO of the group's parent company has changed for the third time since the beginning of the year.

The market notes that Eurochem is a diversified company. It includes production facilities for completely different types of fertilizers, chemical, transport and oil and gas assets, which are located in different parts of Russia. So, Kommersant sources familiar with the situation say, finding a person who could understand all these areas at once is a real problem. “It’s doubly difficult for a person who comes from another area altogether,” Kommersant’s interlocutors say. Kommersant's sources admit that the head of MHC Eurochem may soon be replaced again, but they believe that the new leader will also be a person from the group.

Managing partner of Winner Partners Grigory Okun suggests that in the case of the search for the head of MCC EuroChem, the criterion of trust is the main one. “In Russia, in such cases, they often prefer to hire a person from within the company, knowing what to expect from him. And there is nothing unusual in changing the third manager in a few months, there is simply a search for a suitable candidate,” he says. According to the expert, if a company is managed manually by its owners, then the general director is often a convenient bridge between management and the shareholder. “At the same time, the head of the company, whatever one may say, must manage it, and not everyone can do this,” says Mr. Okun, noting that inviting a manager from the outside environment is also not a guarantee of success.

Olga Mordyushenko

Strezhnev himself will continue to oversee the Russian direction as Chairman of the Board of Directors of EuroChem.

Previously, Dmitry Sokov held a number of management positions at Cordiant, which produces tires (formerly Sibur - Russian Tires), and since 2012 he has served as CEO.